Jan 24, 2013 7:00pm EST
gap between what the government takes in and what it spends. and realistically you've got to pov both ends this is what president obama calls balance and what the republicans call nonsense because it involves raising taxes. i think you have to do bovment i think you have to have more revenue and you have to cut back spending. >> susie: let's say congress doesn't do that. what happens next? explain to people what happens next. >> i think the real risk is that we come to a showdown in march when the current stopgap budget ends and we face the government shutdown. people will lose services. people will lose jobs. and there will be a fiscal contraction on top of the ones that we've already put in place. and that's not great for the economy for sure. >> you know, and this whole conversation about a budget and the deficit and all of that. it's all about raising taxes and cutting spending. and there's no discuss about test test test. to do to get growth? >> well the badh6+suz there susie s that while higher growth is by far the best remedy it's very hard to put if into effect. in a siza
Jan 29, 2013 5:00pm EST
were. i have a pretty good idea how tired i have been trying to do all i could on behalf of the obama administration and our country. i want to catch up on sleep movies, watch a lot of home- improvement television, takes a long walks, spend time with my family and my friends. >> hillary clinton, the u.s. secretary of state on her last days in office. that brings to days -- broadcast to a close. you can watch bbc on it our 24 hour news channel. if you like to reach me, you can find me on twitter. for all of us, thank you so much for watching. >> make sense of international news at bbc.com/news. >> funding of this presentation is made possible by the freeman foundation of new york stowe vermont, and honolulu, newman's own foundation and union bank. >> at union bank our relationship managers work hard to understand the industry you operate in, working to nurture new ventures and help provide capital for key, strategic decisions. we offer expertise and tailored solutions in a wide range of industries. what can we do for you? >> "bbc world news" was presented by kcet, los angeles.